#capital-expenditures
#capital-expenditures
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#meta-platforms #artificial-intelligence #ai-infrastructure #alphabet #ai-investment #data-centers #earnings
fromwww.mercurynews.com
2 weeks agoApple's restraint finds fans as AI spending faces scrutiny
Investors are beginning to scrutinize the huge sums companies like OpenAI, Meta Platforms Inc. and Microsoft Corp. are spending on AI, leading to heavy volatility in what had been some of the year's biggest momentum plays. As a result, Apple's position is being re-evaluated. While it's still considered a potential AI winner, it doesn't carry the risk of heavy capital expenditures and it does have ample cash on its books. That makes Apple shares a potential haven within the technology industry if the AI trade unwinds further.
Apple
fromwww.cnbc.com
3 weeks agoStocks making the biggest moves premarket: Alphabet, Microsoft, Meta Platforms, Eli Lilly, Merck & more
Alphabet The search giant jumped more than 7% after strong results that were boosted by revenue from Google Cloud and YouTube advertising. Alphabet earned $3.10 per share, on an adjusted basis, more than the $2.33 per share expected by analysts polled by LSEG. Revenue of $102.35 billion exceeded the $99.89 billion consensus estimate. Meta Platforms The Instagram parent slumped more than 8% after raising its capital expenditures outlook to invest more in artificial intelligence.
fromBusiness Insider
2 months agoUS data center construction spending reaches record-breaking high
Data center construction spend in the US hit a record high of $40 billion a year in June, Bank of America Global Research said in a new report issued this month. The report cited data from the US Census Bureau and noted that the new spending level is a 28% increase from the previous year. Amazon, Microsoft, Google, and Meta are leading the charge with sweeping expansion plans that could total more than $1 trillion in capital expenditures over the next few years.
Tech industry
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